Analyst Ratings for Rocket Companies
Portfolio Pulse from Benzinga Insights
Analyst ratings for Rocket Companies (NYSE:RKT) over the last quarter show no bullish or bearish ratings, with 4 indifferent and 1 somewhat bearish rating. The average price target among these analysts is $8.5, which is below the current price of $9.15, suggesting a potential downside. This target reflects a 19.96% decrease from the previous target of $10.62. Analysts typically review stocks quarterly, providing insights based on company financials, meetings, and insider information.
November 15, 2023 | 1:00 pm
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NEGATIVE IMPACT
Analysts have given Rocket Companies a somewhat bearish outlook with an average price target of $8.5, which is below the current trading price, suggesting a potential downside.
The average price target provided by analysts is a key indicator of their sentiment towards the stock. Since the target is below the current price, it suggests that analysts expect the stock to underperform in the short term. This bearish sentiment, especially when it represents a significant decrease from the previous target, can negatively impact investor confidence and thus the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100